By Terrance S. Carter, Nancy E. Claridge, Adriel N. Clayton, Theresa L.M. Man, Esther S.J. Oh, Jefe Olagunju, Esther Shainblum, Urshita Grover, and Cameron A. Axford

On November 4, 2025, the Honorable François-Phillippe Champagne, Minister of Finance and National Revenue, tabled the federal budget (“Budget 2025”) under the Mark Carney Liberal Government. This Charity & NFP Law Bulletin provides a brief summary and commentary on key Budget 2025 measures affecting the charitable and not-for-profit (“NFP”) sector.

Budget 2025 includes several legislative proposals relevant to charities and NFPs, many of which were signaled in government releases throughout August 2024, December 2024, January 2025, and August 2025, though without including any specifics of those proposals.

In addition, Budget 2025 includes provisions aimed at combatting terrorism financing and money laundering, some of which are new proposals and some of which had been included in earlier government legislative proposals.

Finally, Budget 2025 commits substantial new funding to the charitable and not-for-profit (NFP) sectors through program funding and grants. These initiatives support the government’s pledge to “supercharge” home building across Canada, as well as achieve other government initiatives, including providing essential funding for Indigenous Peoples programs and community initiatives.

To read the balance of this Bulletin, click here.

​Read the October 2025 Charity & NFP Law Update